Qualcomm Inc Stock Price, News & Analysis

Qualcomm Incorporated (NASDAQ: QCOM) announced a 7% increase in its quarterly cash dividend, raising it from $0.75 to $0.80 per share, effective for dividends payable after March 23, 2023. This adjustment marks an annualized payout of $3.20 per share. CEO Cristiano Amon emphasized the company's commitment to returning capital to shareholders through a balanced approach, including stock repurchases. The announcement reflects Qualcomm's ongoing efforts to enhance shareholder value amidst a focus on innovation in connectivity and smart devices.

Qualcomm, through its Wireless Reach initiative, launched the 5G Smart School program in collaboration with WeSchool, Telecom Italia (TIM), and Acer in Rome on March 7, 2023. This initiative aims to enhance education for secondary school students (ages 11-19) in Italy by providing advanced wireless technology solutions, including 5G connectivity and online learning platforms. The program will start with 2,000 students and 100 teachers across eight schools, aiming to bridge the digital divide and improve learning experiences. Key technologies include Snapdragon 5G-enabled devices and ongoing teacher training in digital methodologies.

Qualcomm has introduced its Aware IoT platform, aimed at optimizing supply-chain efficiency. The announcement was made in mid-February and highlights its potential benefits for electric utilities. By utilizing the platform, these utilities can monitor grid assets and manage decentralized resources more effectively. This will lead to cost savings and enhance decision-making capabilities, resulting in improved reliability of service.

Qualcomm announced the outcomes of its WEAVE project, which supported over 12,000 women entrepreneurs in Indonesia and Vietnam from May 2020 to November 2021. The initiative provided mobile learning and training programs, enhancing business skills and confidence among participants. Key programs included HerVenture, an app for business skills; Road to Growth, an online management training; and Mentoring Women in Business for professional mentoring. The project aims to empower women and foster entrepreneurship across the region, reflecting Qualcomm's commitment to social responsibility.

Qualcomm's 2022 Corporate Responsibility Report emphasizes the company's commitment to purposeful innovation in addressing global challenges through technology. The report outlines three strategic focus areas: Empowering Digital Transformation, which aims to improve industries and individual lives; Acting Responsibly, highlighting governance and ethical practices including diversity and inclusion; and Operating Sustainably, aimed at reducing environmental impact through efficient resource management. These initiatives reflect Qualcomm's dedication to positive societal impact and sustainable operations.

Qualcomm released its 2022 Corporate Responsibility Report, highlighting its Purposeful Innovation Framework aimed at driving positive societal change through technology. The report outlines three strategic focus areas: Empowering Digital Transformation, Acting Responsibly, and Operating Sustainably. The company aims to bridge the digital divide via reliable internet access, enhance diversity with increased representation of women and underrepresented minorities in leadership, and achieve net-zero emissions by 2040. Additionally, Qualcomm was recognized in the Fortune Change the World list and ranked highly in ESG performance.

Qualcomm has expanded its collaboration with the Cherie Blair Foundation for Women to enhance women's entrepreneurship in Asia through the Mentoring Women in Business and HerVenture mobile application. Initially launched in Vietnam in 2018, HerVenture aims to provide essential resources to women entrepreneurs. Building on this success, the collaboration introduced the Road to Growth program in Vietnam and Indonesia in 2020. This partnership highlights Qualcomm's commitment to leveraging technology for developmental impact.

Adobe announced a collaboration with Qualcomm to enhance Qualcomm's digital strategy through Adobe Experience Cloud. Qualcomm will utilize Adobe's Real-Time Customer Data Platform and Creative Cloud to personalize customer experiences and boost B2B marketing efforts. This partnership will allow Qualcomm to improve customer engagement across various sectors, including mobile and IoT. Additionally, it aims to facilitate smoother e-commerce transactions and better support for its developer community. The integration is expected to provide deeper insights into marketing performance and accelerate Qualcomm's digital transformation.

Qualcomm is proud to recognize 10 early-stage innovators as part of the 2023 Innovator Stipend Program. This initiative, in partnership with Venturewell, aims to advance equity in innovation and entrepreneurship. Following a successful pilot year, Qualcomm continues to support this program, which is part of its broader commitment to promoting equitable opportunities in technology and business. The 2023 stipends are designed to provide financial support to promising innovators, further enhancing industry growth and development.